Warrior Met Coal Inc (HCC) financial statements: income statement, balance sheet and cash flow
Warrior Met Coal Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Warrior Met Coal Inc reported revenue of $1.3B (-14.1% year on year) and net income of $57.0M (-77.3% year on year).
Income statement
Warrior Met Coal Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total revenues
$1.3B
$1.5B
$1.7B
$1.7B
Cost of sales (exclusive of items shown separately below)
$982.4M
$1.0B
$910.3M
$710.6M
Cost of other revenues (exclusive of items shown separately below)
$27.7M
$45.4M
$37.5M
$27.0M
Depreciation and depletion
$188.6M
$154.0M
$127.4M
$115.3M
Selling, general and administrative
$65.7M
$63.1M
$51.8M
$48.8M
Business interruption
$19.0K
$524.0K
$8.3M
$23.5M
Total costs and expenses
$1.3B
$1.3B
$1.1B
$937.3M
Operating income
$45.7M
$254.9M
$541.4M
$801.4M
Interest expense
($9.7M)
($4.3M)
($18.0M)
—
Interest income
$18.5M
$33.0M
$40.7M
—
Loss on early extinguishment of debt
$0
$0
($11.7M)
$0
Other expense
$0
$0
($1.0M)
$675.0K
Income before income taxes
$54.4M
$283.7M
$551.4M
$783.1M
Income tax (benefit) expense
($2.6M)
$33.1M
$72.8M
$141.8M
Net income
$57.0M
$250.6M
$478.6M
$641.3M
Net income per share - basic
$1.08
$4.79
$9.21
$12.42
Net income per share - diluted
$1.08
$4.79
$9.20
$12.40
Weighted average number of shares outstanding - basic
52.6M
52.3M
52.0M
51.6M
Weighted average number of shares outstanding - diluted
52.6M
52.3M
52.0M
51.7M
Dividends per share:
$0.32
—
$1.16
$1.54
Warrior Met Coal Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenues
$509.7M
$458.6M
$328.6M
$297.5M
Cost of sales (exclusive of items shown separately below)
$340.0M
$290.4M
$239.5M
$226.4M
Cost of other revenues (exclusive of items shown separately below)
$7.0M
$8.3M
$7.5M
$8.2M
Depreciation and depletion
$58.3M
$52.3M
$43.6M
$43.3M
Selling, general and administrative
$9.8M
$28.2M
$17.2M
$11.9M
Total costs and expenses
$415.2M
$379.2M
$307.9M
$289.8M
Operating income (loss)
$94.5M
$79.4M
$20.7M
$7.7M
Interest expense
($5.5M)
($3.2M)
($2.3M)
($2.9M)
Interest income
$2.1M
$2.6M
$4.4M
$5.1M
Income (loss) before income tax expense (benefit)
$91.1M
$78.8M
$22.9M
$9.9M
Income tax expense (benefit)
$3.7M
$6.4M
($13.7M)
$4.3M
Net income (loss)
$87.4M
$72.3M
$36.6M
$5.6M
Net income (loss) per share - basic
$1.65
$1.37
$0.70
$0.11
Net income (loss) per share - diluted
$1.65
$1.37
$0.70
$0.11
Weighted average number of shares outstanding - basic
52.8M
52.7M
52.6M
52.6M
Weighted average number of shares outstanding - diluted
52.9M
52.8M
52.6M
52.6M
Dividends per share:
$0.08
$0.08
$0.08
$0.08
Balance sheet
Warrior Met Coal Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$300.0M
$491.5M
$738.2M
$829.5M
Short-term investments
$53.3M
$14.6M
$9.0M
$8.6M
Trade accounts receivable
$181.6M
$140.9M
$98.2M
$151.8M
Other receivables
$683.0K
$728.0K
$4.4M
$3.6M
Inventories, net
$235.9M
$207.6M
$183.9M
$154.0M
Prepaid expenses and other
$48.8M
$31.7M
$27.6M
$25.5M
Total current assets
$820.3M
$887.1M
$1.1B
$1.2B
Restricted cash
$7.9M
$7.6M
—
—
Mineral interests, net
$107.3M
$72.2M
$80.4M
$88.6M
Property, plant and equipment, net
$1.8B
$1.5B
$1.2B
$738.9M
Deferred income taxes
$2.9M
$3.2M
$5.9M
$7.6M
Long-term investments
$0
$44.6M
—
—
Other long-term assets
$28.1M
$27.3M
$22.0M
$19.8M
Total assets
$2.8B
$2.6B
$2.4B
$2.0B
Accounts payable
$66.1M
$40.2M
$36.2M
$39.0M
Accrued expenses
$131.9M
$85.4M
$81.6M
$77.4M
Asset retirement obligations
$5.5M
$13.0M
$12.5M
$3.9M
Financing lease obligations
$29.7M
$13.2M
$11.5M
$24.1M
Federal coal lease obligations
$8.8M
—
—
—
Other current liabilities
$15.1M
$18.6M
$5.8M
$8.7M
Total current liabilities
$257.0M
$170.4M
$147.7M
$153.1M
Long-term debt
$154.3M
$153.6M
$153.0M
$302.6M
Asset retirement obligations
$64.8M
$72.1M
$71.7M
$64.6M
Black lung obligations
$34.0M
$34.5M
$27.0M
$27.4M
Financing lease obligations
$54.5M
$6.2M
$8.8M
$9.0M
Deferred income taxes
$54.2M
$63.8M
$74.5M
$23.4M
Federal coal lease obligations
$23.7M
—
—
—
Total liabilities
$642.4M
$500.7M
$482.6M
$580.6M
Common stock, $0.01 par value per share (Authorized -140,000,000 shares, 54,791,997 issued and 52,570,156 outstanding as of December 31, 2025 and 54,533,374 issued and 52,311,533 outstanding as of December 31, 2024)
$548000.00
$545000.00
$542000.00
$539000.00
Preferred stock, $0.01 par value per share (10,000,000 shares authorized, no shares issued and outstanding)
$0.00
$0.00
$0.00
$0.00
Treasury stock, at cost (2,221,841 shares as of December 31, 2025, and December 31, 2024)
-50.6M
-50.6M
-50.6M
—
Additional paid in capital
$300.7M
$289.8M
$279.3M
$270.0M
Retained earnings
$1.9B
$1.9B
$1.6B
$1.2B
Total stockholders’ equity
$2.1B
$2.1B
$1.9B
$1.4B
Total liabilities and stockholders’ equity
$2.8B
$2.6B
$2.4B
$2.0B
Warrior Met Coal Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$302.3M
$202.6M
$336.3M
$383.3M
Short-term investments
$20.2M
$30.6M
$56.2M
$47.8M
Trade accounts receivable
$263.4M
$296.1M
$142.0M
$167.5M
Inventories, net
$264.9M
$251.5M
$219.1M
$214.9M
Prepaid expenses and other receivables
$66.8M
$46.8M
$45.4M
$39.3M
Total current assets
$917.6M
$827.7M
$802.0M
$852.7M
Restricted cash
$8.0M
$8.0M
$7.8M
$7.7M
Mineral interests, net
$103.0M
$105.2M
$76.5M
$68.9M
Property, plant and equipment, net
$1.8B
$1.9B
$1.8B
$1.7B
Deferred income taxes
$2.9M
$2.9M
$3.4M
$3.3M
Other long-term assets
$27.5M
$28.3M
$28.2M
$27.4M
Total assets
$2.9B
$2.8B
$2.7B
$2.6B
Accounts payable
$78.8M
$72.2M
$46.2M
$62.1M
Accrued expenses
$98.1M
$117.2M
$100.5M
$74.1M
Asset retirement obligations
$5.5M
$5.5M
$13.0M
$13.0M
Short-term financing lease liabilities
$32.0M
$29.1M
$25.2M
$24.9M
Federal coal lease obligations
$9.1M
$8.8M
—
—
Other current liabilities
$10.2M
$5.2M
$9.4M
$11.5M
Total current liabilities
$233.7M
$237.9M
$194.3M
$185.6M
Long-term debt
$154.6M
$154.4M
$154.1M
$153.9M
Asset retirement obligations
$66.2M
$65.8M
$74.4M
$73.5M
Black lung obligations
$34.5M
$34.4M
$34.9M
$34.6M
Long-term financing lease liabilities
$49.2M
$50.5M
$57.3M
$56.9M
Deferred income taxes
$47.7M
$52.3M
$49.8M
$60.5M
Federal coal lease obligations
$24.4M
$23.7M
—
—
Total liabilities
$610.2M
$619.0M
$564.8M
$565.1M
Common stock, $0.01 par value, (140,000,000 shares authorized as of June 30, 2026, and December 31, 2025; 55,023,805 issued and 52,801,964 outstanding as of June 30, 2026; 54,791,997 issued and 52,570,156 outstanding as of December 31, 2025)
550.0K
550.0K
548.0K
548.0K
Preferred stock, $0.01 par value per share (10,000,000 shares authorized; no shares issued and outstanding)
$0.00
$0.00
$0.00
$0.00
Treasury stock, at cost (2,221,841 shares as of June 30, 2026, and December 31, 2025)
-50.6M
-50.6M
-50.6M
-50.6M
Additional paid in capital
$298.5M
$296.0M
$296.0M
$290.7M
Retained earnings
$2.0B
$2.0B
$1.9B
$1.8B
Total stockholders’ equity
$2.3B
$2.2B
$2.1B
$2.1B
Total liabilities and stockholders’ equity
$2.9B
$2.8B
$2.7B
$2.6B
Cash flow statement
Warrior Met Coal Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net Income
$57.0M
$250.6M
$478.6M
$641.3M
Depreciation and depletion
$188.6M
$154.0M
$127.4M
$115.3M
Deferred income tax (benefit) expense
($9.4M)
($8.1M)
$52.9M
$141.8M
Stock-based compensation expense
$20.0M
$22.1M
$18.2M
$17.6M
Mark-to-market (gain) loss on gas hedges
($175.0K)
$1.8M
$0
$4.0M
Amortization of debt issuance costs and debt discount
$1.6M
$1.6M
$2.1M
$3.2M
Accretion and valuation adjustment of ARO
$1.8M
$5.4M
$4.5M
$1.9M
Loss on early extinguishment of debt
$0
$0
$11.7M
$0
Trade accounts receivable
($40.7M)
($42.6M)
$53.6M
($29.7M)
Other receivables
$45.0K
$3.7M
$1.2M
$7.2M
Income tax receivable
$0
$7.8M
($7.8M)
$0
Inventories
($28.3M)
($18.5M)
($30.8M)
($79.8M)
Prepaid expenses and other current assets
($17.7M)
($4.2M)
($2.0M)
$888.0K
Accounts payable
$30.9M
($2.6M)
$215.0K
($5.4M)
Accrued expenses and other current liabilities
$33.2M
$1.2M
($8.6M)
$22.8M
Other
($7.4M)
($4.9M)
$11.0K
$798.0K
Net cash provided by operating activities
$229.2M
$367.4M
$701.1M
$841.9M
Purchase of property, plant and equipment
($320.3M)
($457.2M)
($491.7M)
($205.2M)
Deferred mine development costs
($81.9M)
($31.1M)
($33.1M)
($48.9M)
Proceeds from (purchase of) investments
$6.4M
—
—
—
Acquisition of leased mineral rights
($9.4M)
$0
$0
($3.5M)
Acquisitions, net of cash acquired
$0
$0
($2.4M)
$2.5M
Proceeds from sale of property, plant and equipment
$30.0K
—
$0
$0
Net cash used in investing activities
($405.1M)
($538.0M)
($527.2M)
($255.1M)
Dividends paid
($17.8M)
($43.8M)
($61.1M)
($79.7M)
Retirements of debt
$0
$0
($162.4M)
($39.4M)
Proceeds from financing lease obligations
$48.8M
$4.5M
—
—
Principal repayments of financing lease obligations
($36.9M)
($17.4M)
($32.3M)
($30.3M)
Payments for taxes related to net share settlement of equity awards
($9.4M)
—
—
—
Net cash used in financing activities
($15.4M)
($68.5M)
($265.2M)
($153.1M)
Net decrease in cash and cash equivalents
($191.3M)
($239.1M)
($91.3M)
$433.6M
Cash, cash equivalents and restricted cash at beginning of period
$499.1M
$738.2M
$829.5M
$395.8M
Cash, cash equivalents and restricted cash at end of period
$307.8M
$499.1M
—
—
Cash and cash equivalents
$300.0M
$491.5M
—
—
Restricted cash
$7.9M
$7.6M
—
—
Interest paid, net of capitalized interest
$19.9M
$13.6M
$24.0M
$27.8M
Cash paid for income taxes
$8.6M
$26.5M
$27.0M
$0
Financing leases - equipment
$92.7M
$12.1M
$11.3M
$8.2M
Warrior Met Coal Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net Income
$159.8M
$72.3M
$34.0M
($2.6M)
Depreciation and depletion
$110.6M
$52.3M
$132.1M
$88.5M
Deferred income tax benefit
($6.4M)
($1.9M)
($14.3M)
($3.3M)
Stock based compensation expense
$12.6M
$10.1M
$15.3M
$10.1M
Amortization of debt issuance costs and debt discount
$752.0K
$374.0K
$1.2M
$814.0K
Accretion of asset retirement obligations
$2.2M
$1.1M
$4.0M
$2.7M
Mark-to-market loss on gas hedges
$0
$0
($295.0K)
$415.0K
Trade accounts receivable
($81.8M)
($114.6M)
($1.1M)
($26.6M)
Inventories, net
($30.7M)
($15.6M)
($8.7M)
($7.5M)
Prepaid expenses and other receivables
($11.8M)
$8.3M
($13.5M)
($7.3M)
Accounts payable
$8.6M
$3.3M
$13.2M
$19.6M
Accrued expenses and other current liabilities
($43.9M)
($27.2M)
($1.4M)
($23.6M)
Other
$598.0K
($245.0K)
($4.3M)
($2.8M)
Net cash provided by operating activities
$120.6M
($11.7M)
$153.2M
$48.5M
Purchase of property, plant and equipment
($109.1M)
($80.1M)
($226.1M)
($143.5M)
Deferred mine development costs
$0
$0
($71.8M)
($30.1M)
Proceeds from sale of short-term investments
$33.3M
$22.7M
$1.3M
—
Proceeds from sale of property, plant and equipment
$45.0K
—
—
—
Net cash used in investing activities
($75.7M)
($57.4M)
($305.9M)
($172.1M)
Dividends paid
($9.0M)
($4.7M)
($13.6M)
($9.4M)
Proceeds from equipment financing
$0
$0
$48.8M
$48.8M
Principal repayments of finance lease obligations
($18.6M)
($8.6M)
($28.0M)
($14.5M)
Payments for taxes related to net share settlement of equity awards
($14.8M)
($14.8M)
($9.4M)
($9.4M)
Net cash (used in) provided by financing activities
($42.3M)
($28.1M)
($2.3M)
$15.5M
Net increase (decrease) in cash, cash equivalents and restricted cash
$2.5M
($97.3M)
($155.0M)
($108.1M)
Cash, cash equivalents and restricted cash at beginning of period
$307.8M
$307.8M
$499.1M
$499.1M
Cash, cash equivalents and restricted cash at end of period